NOCIL Limited , a prominent player in the Indian rubber chemicals industry, has recently been the subject of a significant shareholding development. Gurukrupa Trust, a key shareholder, has pledged 31,00,000 shares of the company, as disclosed to the stock exchanges under the Securities and Exchange Board of India (SEBI) takeover regulations.

Key Details of the Pledge

Implications and Stakeholders

This pledge transaction has potential implications for NOCIL's shareholders and the company's ownership structure. The move involves Hrishikesh A. Mafatlal, a trustee of Gurukrupa Trust and a prominent figure in the Arvind Mafatlal Group, which has long-standing ties to NOCIL Limited.

Regulatory Compliance

The disclosure of this pledge aligns with SEBI's regulations aimed at ensuring transparency in substantial share transactions. By adhering to Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, Gurukrupa Trust demonstrates compliance with regulatory requirements designed to protect investor interests and maintain market integrity.

Market Impact

While the immediate market impact of this pledge is yet to be fully assessed, such transactions often attract investor attention due to their potential influence on stock price movements and company control dynamics. Shareholders and potential investors in NOCIL Limited may want to monitor further developments related to this pledge.

About NOCIL Limited

NOCIL Limited is recognized for its role in the rubber chemicals sector. The company's shares are traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

Investors and market participants are advised to keep an eye on any further disclosures or developments related to this share pledge, as it could potentially impact NOCIL's stock performance and shareholder structure in the coming days.

NOCIL Limited , a leading manufacturer of rubber chemicals, has reported a 4% quarter-on-quarter growth in sales volumes for Q2 FY '26, despite facing multiple challenges in the global market. The company's quarterly revenue stood at Rs. 321.00 crores, reflecting a sequential decline due to softer price realizations and competitive pricing pressure from imports.

Key Financial Highlights

• Revenue: Rs. 321.00 crores for Q2 FY '26
• Operating EBITDA: Rs. 22.00 crores with a 7% margin
• Volume Growth: 4% quarter-on-quarter increase

Market Challenges and Company Response

NOCIL faced several headwinds during the quarter, including:

1. Softer price realizations
2. Competitive pricing pressure from imports
3. Decline in export volumes, primarily due to U.S. tariff impacts

In response to these challenges, NOCIL has taken several strategic steps:

• Filed anti-dumping petitions on select products, with authorities initiating detailed investigations
• Continued focus on operational efficiency measures and cost optimization initiatives
• Ongoing TDQ capacity investment at Dahej, with commissioning expected in H1 calendar year 2026

Domestic Market Outlook

The company expects domestic market demand to remain robust, supported by:

• GST rate reductions on tires
• Continued infrastructure push by the government

Export Market Challenges

NOCIL's export volumes declined during the quarter, primarily impacted by:

• U.S. tariff situation leading to uncertainties in international markets
• Cautious customer sentiment in key export geographies

Management Commentary

Mr. V.S. Anand, Managing Director of NOCIL Limited, commented on the company's performance: "Despite macroeconomic disruptions, the company navigated the volatility, recording a 4% quarter-on-quarter growth in sales volumes. We remain focused on our strategic priorities to deliver sustainable growth."

Future Outlook

While near-term challenges persist, NOCIL remains optimistic about its long-term growth trajectory. The company is actively managing margin pressure through:

• Judicious mix of price and volume strategies
• Operational efficiencies
• Various cost optimization initiatives

NOCIL continues to push for long-term engagement with customers and is exploring ways to increase volumes in other geographies to offset the impact of U.S. tariffs.

As the rubber chemicals industry navigates through a complex global market environment, NOCIL's focus on efficiency, innovation, and strategic expansion positions it to capitalize on future growth opportunities in both domestic and international markets.